Downward channel formed!

The maximum target price is around $300 for the coming 12 months. We have enough time to reach that price if everything goes well with AI and iPhone 16.

Average price target is $244.12 - again this is over next 12 months, which means it is currently too close to the average for next 12 months, indicating a price correction.

Apple seems to have formed a downward channel, plus seems to be forming Head and shoulder pattern on 30 mins chart. I expect it to fall to 228 at least before the earnings.